While newly released numbers from the Congressional Budget Office do not project a recession in 2022, the office’s long-term analysis projects a sharply increasing national debt that the Biden administration, or a future one, will need to tackle.

Recommended Stories

Federal budget deficit will rise to $1.9 trillion this fiscal year, CBO projects

Report highlights Social Security’s looming insolvency, but White House doesn’t

Trump reduces the deficit by 4% with tariffs and his signature tax law